Welcome guest, please Log In or Register

June 10, 2014

Details About Obama’s New Student Loan Initiatives to Develop Over Time

Yesterday, President Obama set out three actions he is taking to help people pay off student debt.  We all have lots of questions about exactly who will get help and how and when.  PAYE expansion requires changes to regulations and the president has given the Department of Education one year to complete the regulations and ordered that they take effect on December 31, 2015.  I'll be advocating for the best interests of student loan borrowers throughout the regulatory process and I'll post details as they develop.  President…

June 9, 2014

Obama: Borrowers with Older Student Loans to Qualify for Reduced Payments

President Obama today announced plans to qualify an additional five million borrowers for lower student loan payments.  The president says individuals with older loans—those who borrowed before October 2007 or stopped borrowing by October 2011—will gain access to payments capped at 10 percent of their income. The president also announced plans to renegotiate contracts with student loan servicers widely criticized failing to notify borrowers of all their repayment options. But borrowers will have to wait until the end of 2015 for…

June 9, 2014

President Obama to Take New Action for Student Loan Borrowers

Looks like the White House is tired of waiting on Congress and will move forward to expand the availability of Pay As You Earn to more student loan borrowers!  I'm on the edge of my seat waiting to hear details about the President's plans! POTUS will be answering questions about reducing student loan debt on Tuesday, June 10, 2014 at 4:00 Eastern on Tumblr: http://obamairl.tumblr.com/ask

May 13, 2014

What Every Class of 2014 Graduate Needs to Know Right Now

Student loan borrowers have about 6-months following graduation before they have to start making payments on their student loans - a grace period.  For the class of 2014, that means their grace period for their federal student loans will end around October.  The first step is to get a clear picture of your situation. Get a clear inventory of your loans It's always important to start by figuring out exactly what kind of loans you have and what the "status" is of your loans.  You can look up your federal loans on the National…

March 4, 2014

President’s FY 2015 Budget Recommends Tax Breaks For Students

On Monday, White House officials outlined in broad terms several of the President's tax priorities from his proposed fiscal year 2015 federal budget.  Among the key provisions, his FY 2015 budget asks Congress to make permanent the American Opportunity Tax Credit, currently set to expire in December 2017.  The administration says the credit will provide an average benefit of $1,110 to 11.5 million families. The benefit provides up to $2,500 in partially refundable tax credits for tuition. President Obama is also proposing a simplification…

 < 1 2 3 4 5 >  Last ›